As Yonhap reports, Hyundai Heavy Industries Group issued an application to the European Union, waiting for approval for its proposed takeover of local Daewoo Shipbuilding and Marine Engineering Co. The company informed that the submission will be reviewed by anti-trust authorities at the European Commission, expecting the results of their call in 2020.
According to Yonhap news agency, in October, South Korea regained its first position in global shipbuilding orders, followed from the country’s dominance in the LNG carrier sector. This is the first time in 2019 that South Korea signed over 1 million CGTs in monthly orders.
On 8 November, European social partners for the maritime technology sector, industriAll Europe and SEA Europe, met in Brussels for their annual plenary meeting. The parties reflected on the year since the launch of their joint manifesto: Maritime Technology: A Strategic Sector for Europe, expressing their disappointment about the lack of action from EU policy makers and missing sectoral strategy for the maritime technology sector.
Following contradictory statements, China announced Friday the merger of the country’s two state-owned shipbuilding giants, China State Shipbuilding Corp (CSSC) and China Shipbuilding Industry Co (CSIC), in a move expected to boost competitiveness of Chinese shipbuilding industry.
Two new landing barges are launching in order to assist the work of Australia’s new icebreaker RSV Nuyina. The barges will be based onbroad the RSV Nuyina, along with three tenders to transfer the personnel and a scientific research tender.
MSC confirmed the order of five 23,000 TEU ULCVs from the South Korean Daewoo yard, a step that will take the Geneva-based carrier’s orderbook to 16 vessels, for a massive 305,352 TEU. This new order is reportedly in line with MSC’s order for 11 ships made in 2017.
The ‘Power’ FPSO hull (Floating production storage and offloading) floated out from dock of the COSCO’s shipyards in Zhoushan, China in September, about 10 months after first steel cut. Normally, the hull completion was expected to be complete in 12 months.
The Daewoo Shipbuilding & Marine Engineering branch of the Korean Metal Workers’ Union are to conduct a demonstration in Brussels, October 1, against the union of Daewoo and Hyundai Heavy Industries group; Following, the Korean Metal Workers’ Union are to proceed to a similar action in Japan.
Saudi Arabian International Maritime Industries (IMI) inked a Vessel Purchase Agreement (VPA) with Bahri, a logistics and transportation company, to construct one 319,000 DWT Class Crude Oil Carrier with delivery expected in October 2021.
During a visit to a ship in the Thames for London International Shipping Week the UK’s Prime Minister announced that he will bring the shipbuilding industry back to the UK, creating additional jobs in the British Shipping industry, and strengthen the Royal Navy.
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